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 Code of Federal Regulations (Last Updated: July 5, 2024)
 Title 31 - Money and Finance: Treasury
 Subtitle B - Regulations Relating to Money and Finance
 Chapter VIII - Office of Investment Security, Department of the Treasury
 Part 802 - Regulations Pertaining to Certain Transactions by Foreign Persons Involving Real Estate in the United States
 Subpart J - Foreign National Security Investment Review Regimes

  § 802.1002 - Effect of determinations.

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  • § 802.1002 Effect of determinations.

    (a) A determination under § 802.1001(a) shall take effect immediately upon publication of a notice of such determination under § 802.1001(c) and remain in effect unless rescinded under § 802.1001(b).

    (b) A rescission of a determination under § 802.1001(b) shall take effect on the date specified in the notice published under § 802.1001(c).

    (c) A determination under § 802.1001(a) does not apply to any transaction for which a declaration or notice has been accepted by the Staff Chairperson under § 802.403(a)(1) or § 802.503(a), respectively.

    (d) A rescission of a determination under § 802.1001(b) does not apply to any transaction for which:

    (1) The completion date is prior to the date upon which the rescission of a determination under paragraph (b) of this section becomes effective; or

    (2) Before publication of the rescission of determination under § 802.1001(c), the parties to the transaction have executed a binding written agreement, or other binding document, establishing the material terms of the transaction that is ultimately consummated.